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OXY Operating Expenses

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As of Q4'25, Occidental Petroleum (OXY) reported R&D Expenses of USD 45M and SG&A Expenses of USD 158M, representing the lowest quarterly values for both categories within the period covered. This marks a significant decrease from previous quarters, especially in SG&A, which dropped sharply from USD 277M in Q3'25. From Q1'23 to Q4'25, the chart shows that both R&D and SG&A expenses experienced fluctuations but trended downward overall. R&D Expenses peaked at USD 125M in Q3'23 before declining steadily, while SG&A Expenses remained relatively stable between USD 241M and USD 307M until Q3'25, after which they fell dramatically in Q4'25. The data suggests a recent shift towards cost reduction, particularly notable in the last reported quarter.